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Mar 07

Electric car sales in China collapse after government subsidies cease

Government-trusters everywhere seek to centrally plan the energy industry.

Just as in the U.S., the government of China has been promoting “alternative energy” schemes for years.

In the U.S, government-loving shysters like Elon Musk have bilked taxpayers out of at least $450 million while promoting electric-car pipe dreams.

Similarly, in China the government has been subsidizing and promoting a pie-in-the-sky dreamworld of electric cars which might someday run off of solar or wind energy.

Just as in the U.S., the electric car industry in China has collapsed as soon as the government stopped paying for the scam. See here.